TriplePoint Venture Growth BDC Corp. (TPVG) to Release Earnings on Monday

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) will post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect TriplePoint Venture Growth BDC Corp. to post earnings of $0.28 per share for the quarter.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last posted its earnings results on Tuesday, August 8th. The investment management company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.32 by $0.23. The firm had revenue of $15.68 million for the quarter, compared to analyst estimates of $11.49 million. TriplePoint Venture Growth BDC Corp. had a return on equity of 13.05% and a net margin of 56.60%. On average, analysts expect TriplePoint Venture Growth BDC Corp. to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of TriplePoint Venture Growth BDC Corp. (NYSE TPVG) opened at $13.72 on Friday. The firm has a market capitalization of $218.49, a P/E ratio of 7.79, a PEG ratio of 0.81 and a beta of 1.35.

TPVG has been the topic of a number of recent analyst reports. ValuEngine raised shares of TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Compass Point downgraded shares of TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $14.41 to $14.00 in a research note on Tuesday, August 29th.

In other TriplePoint Venture Growth BDC Corp. news, CEO James Labe purchased 22,156 shares of TriplePoint Venture Growth BDC Corp. stock in a transaction on Wednesday, October 25th. The shares were acquired at an average cost of $13.65 per share, for a total transaction of $302,429.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Sajal Srivastava purchased 44,313 shares of TriplePoint Venture Growth BDC Corp. stock in a transaction on Wednesday, October 25th. The shares were acquired at an average price of $13.65 per share, for a total transaction of $604,872.45. The disclosure for this purchase can be found here. Insiders purchased 73,855 shares of company stock worth $1,008,121 over the last ninety days. 1.31% of the stock is currently owned by insiders.

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About TriplePoint Venture Growth BDC Corp.

TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.

Earnings History for TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

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